EPA Sets Timeline for Biofuels Volumes

Under a court settlement with the oil industry, the Environmental Protection Agency will now releasethe 2015 Renewable Fuel Standard (RFS) renewable volume obligations (RVOs) for biofuels by June 1, 2015, and issue the final 2014 and 2015 RFS blending targets by November 30, 2015. In addition, EPA will also release and finalize 2016 numbers this year.

The agency failed to finalize 2014 volume requirements last year creating uncertainty in the biofuels industry, so corn and soybean farmers expressed cautious optimism about the announcement.